On the forbes 2015 list of the world's billionaires, bill gates ranks at the top with a net worth of $79.2 billion. does this "richest man in the world" face scarcity, or does scarcity only affect those with more limited incomes and lower net worth? source: "the world's billionaires," forbes, march 2, 2015.
a. he faces scarcity because his resources are unlimited.
b. bill gates faces scarcity because resources are limited.
c. the "richest man in the world" does not face scarcity because he has more money than others.
d. bill gates does not face scarcity because he is a billionaire.

Harris fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours. at the beginning of the year, it estimated that 34,000 direct labor-hours would be required for the period’s estimated level of production. the company also estimated $599,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. harris's actual manufacturing overhead for the year was $768,234 and its actual total direct labor was 34,500 hours.required: compute the company's predetermined overhead rate for the year. (round your answer to 2 decimal places.)